The Toronto Stock Exchange reports that Desjardins American Equity Index ETF will be listed at 5:01 p.m. on April 17, 2024, for trading at the open on April 18, 2024. According to the TSX, there will be 100,000 Canadian-dollar unhedged units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol DMEU and with Cusip No. 25060D 10 5.

The TSX reports that the ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of an American equity index. Currently, the ETF seeks to replicate the performance of the Solactive GBS United States 500 CAD Index (CA NTR). Under normal market conditions, it will primarily invest in large- and mid-cap securities of American companies.

According to the TSX, the ETF expects to pay cash distributions of income on its units, if any, on a quarterly basis. Its manager is Desjardins Investments Inc., its trustee is Desjardins Trust Inc., and its transfer agent and registrar is State Street Trust Company Canada at its principal office in Toronto. The ETF's fiscal year-end is Dec. 31.

As stated in its prospectus dated March 22, 2024, the ETF is issuing 100,000 units at $20 per unit in its initial public offering. It expects to close the offering before the open on April 18, 2024. The designated market-maker is National Bank Financial Inc.